It is possible to obtain a professional loan whose project relates to an acquisition of real estate being intended for commercial purposes, one thus speaks about a real estate loan whose duration can extend over a duration ranging between 8 years and 20 years on average.
Professional funding and duration of 20 years
There are essentially two types of professional loans for businesses, whether self – employed, SMEs or very large companies. There is the consumer loan, the repayment duration of which will not exceed 7 years, or 84 months, and there is the mortgage, the maximum duration of which is 20 years, or 240 months. The traditional professional loan will above all make it possible to finance a need for cash, a need for equipment or even an investment. It can also be used to finance the acquisition of a business or abusiness, it all depends on the sums involved.
The mortgage will go to companies wishing to acquire real estate, whether offices, commercial premises or even a building to establish a head office. It is good to specify that the purchase can concern a rented room, just like a new room targeted by the company. In both cases, the bank offering the financing will adapt to the project and the situation of the company to offer a financing solution.
Long-term professional credit
Borrowing over 20 years is a heavy commitment for a company, it is therefore necessary to meet the requirements of the banks in order to guarantee obtaining a professional loan. It will be obvious that the company will have to provide a contribution, either on behalf of the company, or through the equity of the manager or the partners. The project must be clear, the bank will need information about the property, its location but also at the company level, the latter must be able to present balance sheets if the latter already exists. For a business creation, the presence of a business plan and in particular a sales forecast is necessary.
No professional real estate loan is obtained without the presentation of a guarantee, we obviously speak of a guarantee in the form of a bond or mortgage. For the surety, it is a surety company which will guarantee the good reimbursement of the sums. For the mortgage, this will be an entry in the mortgage register specifying that the bank can assert its rights in the event of repayment of the loan.
A project to be carried out with an expert
Obtaining a professional loan over a maximum period of 20 years requires the expertise of our company, it is a brokerage center precisely appraised in supporting companies in order to obtain suitable financing. We will be able to offer solutions in line with the situation and expectations of the company. Whether at the level of the contribution, the level of aid and other subsidies, We will be able to put all the means in place to maximize the chances of obtaining financing in order to concretize the project of acquisition of the company.